Goldman Sachs Initiates Mowi Coverage with Neutral Rating and NOK 220 Target

Mowi ASA's stock (ISIN: NO0003054108, ticker: MOWI) saw a neutral start under Goldman Sachs' coverage, with the bank setting a price target of NOK 220 on October 2, 2026. At the time of reporting on October 5, 2026, the stock was trading at NOK 201.40 on the Oslo Stock Exchange, unchanged from the session's opening. Goldman Sachs' NOK 220 target represents a 9.2 percent upside from the current price, though the bank's Neutral rating suggests the stock is fairly valued at this level.

The broader analyst consensus, however, is more optimistic. According to Investing.com, 12 analysts maintain a Buy rating, with an average 12-month price target of NOK 225.16. The highest target stands at NOK 245.70, while the lowest is NOK 193.66, indicating a potential upside of 11.8 percent from the current price.

Mowi's recent financial performance has been strong, with Q2 2026 earnings showing a 23 percent year-over-year increase in operational profit to EUR 231 million. The company also reported record quarterly revenue of EUR 1.60 billion and harvest volumes of 150,000 tons. Production costs fell 3.5 percent to EUR 5.20 per kilo, and Mowi maintained its 2026 farming volume guidance of 600,000 tons, a 7.4 percent increase from the prior year. Despite these gains, regional challenges such as soft prices in Chile and weaker consumer product contracts have posed risks.

As of October 5, 2026, Mowi's stock was trading within a 52-week range of NOK 179.40 to NOK 245.80, currently 18.1 percent below its yearly high and 12.3 percent above its low. The next key event for investors will be the Q3 2026 earnings report, scheduled for November 4, 2026, which will provide further insight into the company's performance and future outlook.